AI voice startup ElevenLabs doubles valuation to $22B
ElevenLabs opened a $300 million employee tender at a $22 billion valuation, doubling the mark from its February round.
ElevenLabs said employees can sell vested shares in a $300 million tender offer priced at a $22 billion valuation, twice the $11 billion valuation from its February round that raised $500 million. Wellington and T. Rowe Price co-led the transaction and intend to hold shares after a potential IPO. The four-year-old voice AI company previously ran a $100 million employee tender at a $6.6 billion valuation in September 2025. ElevenLabs, based in New York and London, is known for realistic voice and sound-effect generation.
- The $300 million tender was co-led by Wellington and T. Rowe Price.
- February funding of $500 million had valued the company at $11 billion.
- A September 2025 tender was $100 million at a $6.6 billion valuation.
- Founded in 2022, ElevenLabs generates realistic voices and sound effects.
- Vendors
- ElevenLabs
- Organizations
- ElevenLabsWellingtonT. Rowe Price
- Countries
- United StatesUnited Kingdom
From the original article
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The $300 million employee tender was co-led by Wellington and T. Rowe Price.
By Marina Temkin · techcrunch.com
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